I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Maryland
💡 Key Maryland housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $418,438[1] | #16 of 50 states | 14.1% higher |
Median Listing Price | $425,000[2] | #24 of 50 states | 3.5% lower |
Median Sale Price | $512,500[3] | #12 of 50 states | 22.5% higher |
30 Year Mortgage Rate | 7.05%[4] | #42 of 50 states | 1.1% higher |
Median Days on Market | 37[5] | #1 of 50 states | 34.2% shorter |
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🗺️ Buying a house in the Maryland real estate market
Maryland has an affordability score of 5.9, meaning it takes 5.9 years of the median household income ($87,063) to afford Maryland's median home sale price ($512,500). Because of this, we rank Maryland as the 25th most affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $512,500[6] | #12 of 50 states | 22.5% higher |
30 Year Mortgage Rate | 7.05%[7] | #42 of 50 states | 1.1% higher |
Median Household Income | $87,063[8] | #1 of 50 states | 34.9% higher |
Affordability Ratio | 5.9 | #25 of 50 states | 7.9% lower |
Buyers Agent Commission | 2.55%[9] | #17 of 50 states | 0.5% higher |
Resources for Maryland home buyers
Preparing to buy in Maryland
🗺️ Selling a house in the Maryland real estate market
According to our detailed survey of Maryland real estate agents, listing agents (those representing the seller) charge an average commission in Maryland of 2.75%, which is the 23rd lowest in the United States. Buyers' agents charge an average commission of 2.55%, which is the 17th lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $425,000[10] | #24 of 50 states | 3.5% lower |
Median Sale Price | $512,500[11] | #12 of 50 states | 22.5% higher |
Median Days on Market | 37[12] | #1 of 50 states | 34.2% shorter |
Buyer's Agent Commission | 2.55%[13] | #17 of 50 states | 0.5% higher |
Listing Agent Commission | 2.75%[14] | #23 of 50 states | 1% higher |
Resources for Maryland home sellers
Preparing to sell in Maryland
- 8 Steps to Selling a House in Maryland
- Average Time to Sell a House in Maryland
- When Is the Best Time to Sell a House in Maryland?
- Top Real Estate Agents in Maryland
Maryland home selling costs and requirements
Moving to Maryland
According to our recent moving trends survey[15], 7% of Americans indicated that they would choose to move to Maryland if money were no object. Likewise, 8% of survey respondents indicated that they would move to Baltimore among a choice of America's largest cities.
Here's how Maryland cities rank in a number of our research studies.
Study | Best Maryland city | Rank |
Best Pizza Cities[16] | Baltimore | 16th best |
Best Coffee Cities[17] | Baltimore | 25th best |
Best LGBTQ Cities[18] | Baltimore | 14th best |
Best Bike Cities[19] | Baltimore | 19th best |
Best Commuter Cities[20] | Baltimore | 37th best |